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stock split, stock recommendation
Begin part 3 of 3
Full report issues Thursday.
Leader Plays:
Play Date: 10/03/2007
EDU (New Oriental Education & Tech--$63.79; -0.94; optionable): Chinese education and training for executives
http://biz.yahoo.com/p/e/edu.html
EARNINGS: 10-15-07
STATUS: Breakout test. After surging out of a 9 week double bottom with handle base in mid-September, EDU peaked to start the week with a gap higher to 77. It has since faded on lower volume, tapping the 10 day EMA (62.44) on the Wednesday low and then rebounding to post a modest loss. Nice below average volume as it makes the test of near support. Very strong and looking to move in as EDU makes the next break higher in its breakout run.
Volume: 261.9K Avg Volume: 400.442K
BUY POINT: $64.76 Volume=550K Target=$74.45 Stop=$62.22
POSITION: EDU AM - Jan. $55c (49 delta) &/or Stock
http://www.investmenthouse.com/cs/edu.html
Play Date: 10/03/2007
ICE (Intercontinental Exchange--$153.56; -1.09; optionable): Energy exchange
http://biz.yahoo.com/p/i/ice.html
EARNINGS: 10-25-07
STATUS: Double bottom w/handle. Big surge the last week of September as ICE gapped higher to finish forming the second leg in its 11 week base. It then moved laterally on lower volume the past week, trying a break Tuesday but coming back into the handle. This is part of a larger 7 month base on base pattern (Cup with handle and then the current double bottom with handle), and that type of pattern tends to work out the sellers and set up the strong run higher. Just waiting for volume to return and give us the upside buy signal. Set up very nicely to make the break higher, and we are ready to move in as it makes the move.
Volume: 1.468M Avg Volume: 2.725M
BUY POINT: $155.88 Volume=3M Target=$177.95 Stop=$151.39
POSITION: IHH AK - Jan. $155c (55 delta)
http://www.investmenthouse.com/cs/ice.html
Good Investing!
Jon L. Johnson and the Stock Split Report Staff.
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners of Online Investment Services, LP or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.
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stock split
stock recommendation
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